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To pinpoint the average retirement income you would need to live comfortably throughout the U.S., GOBankingRates looked at five factors in all 50 states: an individual’s spending on groceries ...
Note that Washington, D.C., has the highest mean retirement income among retirees at $49,072, though you’d need more than twice that amount — $100,326 — to afford a comfortable retirement.
Alabama. Annual cost of a comfortable retirement: $56,048 Retirement savings needed at 60: $1,120,967 Retirement savings needed at 70: $560,483 Learn More: 8 States To Move to If You Don’t Want ...
Wyoming. Annual cost of a comfortable living: $92,488 Cost of 25 years of comfortable retirement with Social Security: $1,186,706 How much you need to save monthly if you start at 25: $2,472 ...
Cost of 25 years of comfortable retirement without Social Security: $1,554,803 Check Out: 5 Southern States Where $750,000 in Retirement Savings Lasts Longest Learn More: 3 Things Retirees Should ...
Americans 65 years and older reported a median annual income of $61,830 in 2023, according to the United States Census Bureau. So what else can you do to make sure you have enough money in retirement?
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